July 08, 2015

Mumbai, India – TechnoServe, a global non-profit organization, in partnership with J.P. Morgan, has launched a development program focused on enhancing workforce readiness among the underprivileged youth in Mumbai.

The Youth Employability Program (YEP), funded by J.P. Morgan, was launched in Mumbai in March 2015 and is a one-year program designed to develop and strengthen skills that will help participants secure productive jobs in the future and allow them to participate effectively in the workplace.

The program delivers personal and professional effectiveness training that will help build knowledge, awareness and confidence while helping facilitate linkages with relevant vocational training courses and meaningful employment opportunities. 2500 young people between the ages of 18 and 25 from disadvantaged backgrounds and low socio-economic environments in Mumbai are expected to benefit.

“We are extremely pleased to be supporting programs that seek to improve the employment prospects of underserved communities and individuals. High-impact programs like YEP are part of J.P. Morgan’s commitment to the national priority of enhancing skills in India as we continue to make philanthropic investments in workforce readiness and financial capability,” said Kalpana Morparia, CEO, J.P. Morgan India.

“YEP draws from our experience in Africa and Latin America. As in other developing countries it is imperative that we focus on opportunities for youth in India in order to ensure a stable and prosperous future for the region,” said Punit Gupta, TechnoServe’s India Country Director. “With the right support, young people can identify and capitalize on opportunities that will improve their livelihoods and strengthen their communities.”

About TechnoServeTechnoServe is a nonprofit organization that develops business solutions to poverty. We work with enterprising men and women in 30 developing countries to build competitive farms, businesses and industries. By linking people to information, capital and markets, we help them create lasting prosperity for their families and communities. With more than 12 million people positively impacted by TechnoServe’s work since 1968, we believe in the power of private enterprise to transform lives.

About J.P. Morgan IndiaJ.P. Morgan is a leading global financial services player, with a presence in India since 1922. Today, India is a key market for J.P. Morgan and the firm has consistently invested in the India business, which has been growing steadily. The lines of business include the Investment Bank, the Global Corporate Bank, Asset Management, Treasury Services, among others. J.P. Morgan is among the country’s leading players in almost all of its businesses and primarily caters to the firm’s global clients with business interests in India and local multinationals growing their footprint internationally. India is also home to the Global Service Centre, which services J.P. Morgan’s businesses around the world in the areas of operations, technology and research.